STC Bank Partners with PLDT Global to Expand Digital Payment Solutions and Enhance Customer Experience
Riyadh, Saudi Arabia; xx February 2025: STC Bank, a leading Saudi digital bank has entered into a strategic partnership with PLDT Global Corporation (PLDT Global), a Philippine telecommunications, internet and digital service company and the international arm of PLDT Inc. (formerly known as Philippine Long Distance Telephone Company), to enhance digital financial solutions and payment accessibility for its customers in Saudi Arabia and the region.
As part of the agreement, STC Bank will be integrated as a payment option within PLDT Global’s digital marketplace, Tindahan ni Bossing (TinBo), enabling users to conduct seamless and secure transactions towards their phone and other governmental bills. Additionally, STC Bank will offer PLDT Global’s products from their digital distribution solution Vortex on its platform, expanding access to advanced digital services for customers across both networks.
By leveraging its digital banking infrastructure and expertise, STC Bank aims to facilitate financial inclusion, streamline cross-border payments, and enhance cybersecurity measures to safeguard digital transactions.
“At STC Bank, we are driving financial inclusion with innovation that empowers individual and businesses alike. Our collaboration with PLDT Global aligns with our mission to enhance digital banking accessibility and security for all of our users, ensuring seamless and efficient transactions for our customers, no matter how far they are from their home countries” said Nizar Altwaijri, CEO of STC Bank.
Albert V. Villa-Real, President and CEO of PLDT Global, added: “By joining forces with STC Bank, we are enhancing digital connectivity for our customers, ensuring secure and efficient financial transactions. This partnership is a testament to our shared vision of leveraging technology to drive digital transformation.”
This strategic alliance is in line with STC Bank’s continued expansion into global digital ecosystems, reinforcing its commitment to offering cutting-edge financial services that cater to the evolving needs of businesses and individuals in an increasingly digital Saudi economy.
About STC Bank:
STC Bank is a closed mixed joint-stock company established and regulated under the laws of Saudi Arabia, with a paid-up capital of SAR 2,500,000,000. It is registered under Commercial Registration No. 1010901344, Unified Number 7010933328, P.O. Box 87912, Riyadh 11652, National Address: King Khalid Road, Branch No. 7252 – Al-Asimah District 5260, Diriyah 13714, Kingdom of Saudi Arabia. The bank’s website is www.stcbank.com.sa. The bank operates under the Council of Ministers Resolution No. 671, dated 12/11/1442H (22/06/2021), and is licensed and regulated by the Saudi Central Bank.
STC Bank is a leading digital bank and financial services provider in Saudi Arabia. Established with a mission to transform the way people manage their money, STC Bank offers a wide range of innovative financial solutions, including mobile payments, money transfers, bill payments, and more. With a focus on convenience, security, and accessibility, STC Bank is committed to empowering individuals and businesses with simple, reliable, and efficient financial services.
